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H.R. 1582 · 111th Congress · 2009–2010

Executive Bonus Repeal Act

H.R. 1582 in the 111th Congress (2009–2010) was introduced on Mar 18, 2009, sponsored by Steven C. LaTourette with 40 co-sponsors.

During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.

Status
Introduced
Introduced
Mar 18, 2009
Co-sponsors
40
Policy area
Finance and Financial Sector

What it does

Executive Bonus Repeal Act - Amends the Emergency Economic Stabilization Act of 2008 to repeal the exception to the general prohibition against payments of bonuses by companies receiving assistance under the Troubled Asset Relief Program (TARP) for bonus payments that were required by a written employment contract executed on or before February 11, 2009.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Steven C. LaTourette (R-OH). Co-sponsors: 40 Republicans.

Where it stands

  • IntroducedMar 18, 2009
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Financial Services. (Mar 18, 2009)

More bills from Steven C. LaTourette in the 111th Congress

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Committees

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 1582 (111th Congress): Executive Bonus Repeal Act,” https://www.capitolreceipts.com/bill/111-hr-1582/executive-bonus-repeal-act (accessed 2026-10-14).

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